Actress Gina Gershon stated in a podcast Interview that during their bed scene, Tom Cruise, knew she was extremely ticklish, and tickled her so hard, they both fell off the bed. It was, in fact, this take that production used for the movie.
In Bret Easton Ellis' novel American Psycho (1991) (filmed as American Psycho (2000)), the lead central character of Patrick Bateman catches and elevator with movie star Tom Cruise, and commends him on his performance in the movie "Bartender", with Cruise correcting him by stating the picture's name is actually Cocktail (1988).
The movie's popular song "Kokomo" by The Beach Boys was Golden Globe nominated in 1989 for Best Original Song - Motion Picture, but lost out to the tie between "Two Hearts" from Buster (1988) and "Let the River Run" from Working Girl (1988).
The movie's Original Motion Picture Soundtrack album went to the number one spot on the Canadian Albums Chart and the Australian Albums Chart; the number two spot on the U.S. Billboard Top 200 Chart and the New Zealand Album Charts; the number three spot on the Swiss, Austrian, and Swedish Album Charts, and peaked at the number four spot on the German Albums Chart.
On the Gold Coast (a.k.a. Surfers Paradise) in Queensland, Australia, there is a real life multi-level night-club called "Cocktails and Dreams", which was named after the one in the movie. The picture's co-star, Bryan Brown, is from Australia. The later television comedy Cocktails & Dreams (2015), starred three actors from Cocktail (1988), they being Brown, Lisa Banes, and Gina Gershon, who played the characters of The Australian Guy, The Art Lady, and Girl Number One, respectively, their names all reflective in some way of their characters in Cocktail (1988). Cocktails & Dreams (2015) was made, and first broadcast twenty-seven years after Cocktail (1988).
The movie was nominated for four Golden Raspberry Awards including Tom Cruise for Worst Actor and Roger Donaldson for Worst Director. The film in the end won two Razzies, for Worst Picture and for Worst Screenplay.
The names of various night-spots, cocktail bars, and hospitality venues featured in the movie included "Jerry's", "Cell Block", "Hysteria", "Kats Place", and "Flanagan's" and/or "Cocktails and Dreams" a.k.a. "Flanagan's Cocktails & Dreams".
One of two 1988 theatrical feature films starring actress Gina Gershon. The cinema movies are Cocktail (1988) and Red Heat (1988). There actually exists a "Red Heat" cocktail. The Belvedere Red Heat Cocktail comprises 45ml or 1.5 oz of Belvedere Red Vodka and 45ml or 1.5 oz of Pomegranate Juice, which are both then topped with Fever-Tree Ginger Ale. The cocktail is built in highball and garnished with a lime wedge.
Only about 24 minutes of the movie's standard 104 minute running time is actually set in the exotic Carribean vacation location of Jamaica, for which the picture is famous, particularly from the film's popular "Kokomo" song track music-video tie-in by The Beach Boys. Approximately eighty minutes of the movie is set in New York City's Upper East Side of Manhattan.
When they are playing basketball, Doug Coughlin (Bryan Brown) asks Brian Flanagan (Tom Cruise) about his girlfriend, and Brian tells him that her name is Coral (Gina Gershon), among other things. In a scene before this one, the three (Doug, Brian, and Coral) are sitting in the kitchen of the apartment where Brian lives.
Elisabeth Shue would go on to feature in another alcohol related movie seven years later, when she would be co-starred alongside Nicolas Cage in Leaving Las Vegas (1995), for which Shue would be both Golden Globe and Academy Award nominated for Best Actress in a Leading Role.
"Originally all the bottle tossing that was done in the film, was not scripted but in fact done last minute because the actors wanted to 'feel like real bartenders'" according to the The 80s Movies Rewind website.